TVBee
@blockTVBee
EXCEL/Python数据分析|区块链项目/Defi模型研究|16年硕士财经论文|伪程序员|无收费群|比特币死忠粉|币圈趋势交易|推特：@blockTVBee
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Irresponsible vague feeling is repeating last year's history.
Last year, February and March were a small peak for copycats, and then the second quarter was the blood sucking of Bitcoin. This year, it may be ETH.
Last year, the third quarter was a downward trend, and this year, interest rates have started to be cut or will be cut soon. The decline at the beginning of the interest rate cut is expected.
Last year, the fourth quarter was hyped ETF, and this year it may be replaced by ETH ETF.
Last year, February and March were a small peak for copycats, and then the second quarter was the blood sucking of Bitcoin. This year, it may be ETH.
Last year, the third quarter was a downward trend, and this year, interest rates have started to be cut or will be cut soon. The decline at the beginning of the interest rate cut is expected.
Last year, the fourth quarter was hyped ETF, and this year it may be replaced by ETH ETF.
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[2000-word interpretation] IoTeX, a Depin project that is not Depin, what is the difference between it and other Depins?
Yes, you read that right. As a Depin project, IoTeX itself is not a Depin.
➤ Let’s start with Depin
Depin is a relatively new concept. So, what is Depin?
Depin——Decentralized Physical Infrastructure Network, decentralized physical infrastructure network.
The public chain is the most common Depin, which consists of many decentralized nodes (called miners on the POW network and validators on the POS network), thus forming the physical infrastructure of the network.
Decentralized storage is the second common type of Depin, where storage nodes perform storage tasks, thus forming a physical infrastructure network for decentralized storage.
➤ Let’s start with Depin
Depin is a relatively new concept. So, what is Depin?
Depin——Decentralized Physical Infrastructure Network, decentralized physical infrastructure network.
The public chain is the most common Depin, which consists of many decentralized nodes (called miners on the POW network and validators on the POS network), thus forming the physical infrastructure of the network.
Decentralized storage is the second common type of Depin, where storage nodes perform storage tasks, thus forming a physical infrastructure network for decentralized storage.
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[Discussion] Why did I clear out my counterfeit goods on December 19th?
When seeing this title, I guess some of my friends will laugh at me, while others will probably laugh at me in their hearts but not say it out loud.
After all, it is almost 2025, which is the big bull market cycle that happens every four years. In particular, the altcoins led by ETH showed a rebound trend in the past two days.
The main motivation for writing this article is to explore this.
➤ Medium-term factors: interest rate cuts and inflation
The rule of a bull market every four years has existed from 2013 to 2015, and this is the fourth round. This rule will still exist overall.
But is it too easy to buy before 2025 and wait for a big bull run to sell? Will the details change?
After all, it is almost 2025, which is the big bull market cycle that happens every four years. In particular, the altcoins led by ETH showed a rebound trend in the past two days.
The main motivation for writing this article is to explore this.
➤ Medium-term factors: interest rate cuts and inflation
The rule of a bull market every four years has existed from 2013 to 2015, and this is the fourth round. This rule will still exist overall.
But is it too easy to buy before 2025 and wait for a big bull run to sell? Will the details change?
See original
I compared the data of cross-chain protocols before, and one of the conclusions of the analysis at that time was that#Debridge($DBR) was undervalued based on the data.
So I opened a position in#DBRat 0.279, and I was lucky this time!
Sure enough, other coins have been falling in the past few days, but it has risen against the market.
Today, the Korean exchange#Bithumbannounced the launch of DBR, which once rose to 0.047.
So I opened a position in#DBRat 0.279, and I was lucky this time!
Sure enough, other coins have been falling in the past few days, but it has risen against the market.
Today, the Korean exchange#Bithumbannounced the launch of DBR, which once rose to 0.047.
TVBee
--
【Comparison】Cross-chain data of several cross-chain protocols
According to Chainalyis statistics, 69% of the stolen cryptocurrency funds in 2022 were related to cross-chain bridge attacks.
Where you fall may be where you have to climb up from. The cross-chain track has experienced 2 years of development, and its security and market size have experienced tremendous development. This may become one of the main narratives in this round of bull market.
As shown in the figure, the cross-chain transaction volume and transaction volume of the five major cross-chain projects in the past month, the past week and the past 24 hours are compared, and their FDV is divided by the cross-chain transaction volume and the number of cross-chain transactions respectively. And add a thick frame line to the number with the smallest ratio (relatively underestimated) after comparison.
Comparison:
LayerZero ($ZRO) has the highest FDV, and all six major exchanges have been launched.
Wormhole ($W) has a large cross-chain fund scale, and all five major exchanges except coinbase have been launched.
Axelar ($AXL) previously released a development stack, so it has spillover value in addition to cross-chain data. In addition to OKX, the other five major exchanges are listed.
Debridge ($DBR) From the data, FDV divided by the cross-chain capital flow and transaction number at each stage is mostly the lowest value, and the project may be undervalued. Among the six major exchanges, only bybit and bitget are listed.
Celer ($CELR) No data was found, only the number of cross-chain transactions in the past 24 hours. In addition to bybit and upbit, the other four major exchanges are listed.
Note: This article only compares cross-chain transaction data, and does not consider factors such as technology and background. Therefore, the fragmentary perspective is not enough to constitute an investment recommendation. DYOR!
The data source will be placed in the comment area.
According to Chainalyis statistics, 69% of the stolen cryptocurrency funds in 2022 were related to cross-chain bridge attacks.
Where you fall may be where you have to climb up from. The cross-chain track has experienced 2 years of development, and its security and market size have experienced tremendous development. This may become one of the main narratives in this round of bull market.
As shown in the figure, the cross-chain transaction volume and transaction volume of the five major cross-chain projects in the past month, the past week and the past 24 hours are compared, and their FDV is divided by the cross-chain transaction volume and the number of cross-chain transactions respectively. And add a thick frame line to the number with the smallest ratio (relatively underestimated) after comparison.
Comparison:
LayerZero ($ZRO) has the highest FDV, and all six major exchanges have been launched.
Wormhole ($W) has a large cross-chain fund scale, and all five major exchanges except coinbase have been launched.
Axelar ($AXL) previously released a development stack, so it has spillover value in addition to cross-chain data. In addition to OKX, the other five major exchanges are listed.
Debridge ($DBR) From the data, FDV divided by the cross-chain capital flow and transaction number at each stage is mostly the lowest value, and the project may be undervalued. Among the six major exchanges, only bybit and bitget are listed.
Celer ($CELR) No data was found, only the number of cross-chain transactions in the past 24 hours. In addition to bybit and upbit, the other four major exchanges are listed.
Note: This article only compares cross-chain transaction data, and does not consider factors such as technology and background. Therefore, the fragmentary perspective is not enough to constitute an investment recommendation. DYOR!
The data source will be placed in the comment area.
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Failure is the father of success, a slow decline is the father of a sharp drop——"Diary of a Madman"
Reducing positions in shanzhai, selecting good "targets" to short shanzhai is also a way of thinking——Lu Xun
Leverage carries risks, a 1x short is also a type of position——Zhou Shuren
Reducing positions in shanzhai, selecting good "targets" to short shanzhai is also a way of thinking——Lu Xun
Leverage carries risks, a 1x short is also a type of position——Zhou Shuren
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I have to say this is a logic genius, but I can continue being a genius.
After being breathed and metabolized by many people, what remains is carbon dioxide.
The previous meme was air, what is it now? Could it be the carbon dioxide left after metabolism?
😂
Of course, plants can continue photosynthesis and turn it back into air.
We certainly don't lack plants here—leeks
🤣🤣🤣
After being breathed and metabolized by many people, what remains is carbon dioxide.
The previous meme was air, what is it now? Could it be the carbon dioxide left after metabolism?
😂
Of course, plants can continue photosynthesis and turn it back into air.
We certainly don't lack plants here—leeks
🤣🤣🤣
See original
Airdrops are actually necessary, not just for project marketing.
Let me give you an example.
If a certain token does not have an airdrop, then at the very first moment of listing, only VCs, the project team, and market makers will have it.
For example, if the total supply of this token A is 21 billion pieces. Then, if a market maker spends $10 to buy 1 piece of A from the project team, the market price of that token will be $11, and the FDV will be 21 billion * $11.
Thus, the market value of token A exceeds that of BTC, and the total cost is $11.
Of course, this is an extreme case. In reality, several VCs may unlock and sell.
➤ However, one important significance of airdrops is:
➤ To allow the market to participate in pricing the token in its early stages! Instead of letting the pricing power be completely controlled by a few oligarchs.
If there are no airdrops, retail investors can only act as buyers in the early stages. Therefore, the early pricing of the token is not sufficiently market-oriented.
Secondly, it is through the incentives of airdrops that more users are encouraged to participate in early product testing and project marketing.
Let me give you an example.
If a certain token does not have an airdrop, then at the very first moment of listing, only VCs, the project team, and market makers will have it.
For example, if the total supply of this token A is 21 billion pieces. Then, if a market maker spends $10 to buy 1 piece of A from the project team, the market price of that token will be $11, and the FDV will be 21 billion * $11.
Thus, the market value of token A exceeds that of BTC, and the total cost is $11.
Of course, this is an extreme case. In reality, several VCs may unlock and sell.
➤ However, one important significance of airdrops is:
➤ To allow the market to participate in pricing the token in its early stages! Instead of letting the pricing power be completely controlled by a few oligarchs.
If there are no airdrops, retail investors can only act as buyers in the early stages. Therefore, the early pricing of the token is not sufficiently market-oriented.
Secondly, it is through the incentives of airdrops that more users are encouraged to participate in early product testing and project marketing.
See original
[Experience] The New Vanguard of the Binance Ecosystem - Binance Wallet
A major feature of the Binance ecosystem is its centralization.
From Binance to the BSC chain, there has always been only one token: #BNB.
From Binance Exchange, Binance Square to Binance Wallet, there is also only one APP.
In the Binance APP, users can read articles by KOLs. Especially for users who cannot use Twitter, they can understand industry hotspots and opinions in the Binance Square.
On-chain users can participate in both CeFi and DeFi simultaneously within the Binance APP.
Among them, the DeFi function is executed by the Binance wallet. This article discusses my experience using the Binance wallet and includes some immature suggestions.
From Binance to the BSC chain, there has always been only one token: #BNB.
From Binance Exchange, Binance Square to Binance Wallet, there is also only one APP.
In the Binance APP, users can read articles by KOLs. Especially for users who cannot use Twitter, they can understand industry hotspots and opinions in the Binance Square.
On-chain users can participate in both CeFi and DeFi simultaneously within the Binance APP.
Among them, the DeFi function is executed by the Binance wallet. This article discusses my experience using the Binance wallet and includes some immature suggestions.
See original
Brother Su, these two charts are very interesting.
However, the growth rate of asset prices is greater than the inflation growth rate.
This is because money has a time value. But the time value of money comes from nature; I use air, land, and water for free... I have never paid the Earth for it. However, our excessive consumption of resources and the destruction of the ecological environment will eventually lead to retaliation when it becomes excessive.
This is the reason for the emergence of the COVID-19 pandemic. Don't turn it into some conspiracy theory; humanity's destruction of nature leads to ecological imbalance, and ecological imbalance means that some species will leave us while others will proliferate. This can result in the outbreak of certain viruses.
Such a situation is likely to occur after an economic boom, so the pandemic coincided with the tail end of the Kondratieff wave cycle.
This is the current economic environment.
Returning to these two charts, rather than saying that expectations > reality, it is more accurate to say that reality < expectations.
Because expectations come first, and reality follows.
This is why I suggest that friends only open contracts when they feel 90% confident, because when expectations are at 90%, reality might be only 80% or even less.
This is also why there is a principle of prudence in accounting, as it aims to be cautious based on expectations, making it closer to reality.
In simple terms, it means there should be a process of 'removing optimism' when making judgments.
Why doesn’t MicroStrategy buy at the very bottom? Why do institutions not sell at the top? It's the same principle.
If an institution expects that 1 million is the peak, they might start selling at 900,000. Because institutions are the most rational; they understand this principle of 'removing optimism.'
However, the growth rate of asset prices is greater than the inflation growth rate.
This is because money has a time value. But the time value of money comes from nature; I use air, land, and water for free... I have never paid the Earth for it. However, our excessive consumption of resources and the destruction of the ecological environment will eventually lead to retaliation when it becomes excessive.
This is the reason for the emergence of the COVID-19 pandemic. Don't turn it into some conspiracy theory; humanity's destruction of nature leads to ecological imbalance, and ecological imbalance means that some species will leave us while others will proliferate. This can result in the outbreak of certain viruses.
Such a situation is likely to occur after an economic boom, so the pandemic coincided with the tail end of the Kondratieff wave cycle.
This is the current economic environment.
Returning to these two charts, rather than saying that expectations > reality, it is more accurate to say that reality < expectations.
Because expectations come first, and reality follows.
This is why I suggest that friends only open contracts when they feel 90% confident, because when expectations are at 90%, reality might be only 80% or even less.
This is also why there is a principle of prudence in accounting, as it aims to be cautious based on expectations, making it closer to reality.
In simple terms, it means there should be a process of 'removing optimism' when making judgments.
Why doesn’t MicroStrategy buy at the very bottom? Why do institutions not sell at the top? It's the same principle.
If an institution expects that 1 million is the peak, they might start selling at 900,000. Because institutions are the most rational; they understand this principle of 'removing optimism.'
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Let's talk about my holdings and the reasons. BTC, ETH, and BNB don't need any more explanation.
AR is decentralized storage and a Web3 infrastructure. Although Web3 currently has no momentum, some projects should be using the APIs provided by AR. For example, if creators choose to put their content on-chain with Mirror, it will be written into the AR blockchain.
ACH was initially in the payment sector, and this year, the concept of PayFi has been mentioned again. Moreover, ACH is not just about payments; on its platform, you can earn various testnet tokens, and it is said that they are going to develop their own Layer1. I have a theory called the two-phase market theory: the first phase is speculative, and ACH saw significant increases in 2021. The second phase is the ecological phase, and we should see some ecological developments from ACH in this phase.
SSV is part of the Ethereum ecosystem, focusing on physical infrastructure, which helps improve Ethereum's decentralization. In the future, it should also participate in other chains' ecosystems.
GMX is a leading decentralized derivatives DEX with innovations, part of the Arbitrum ecosystem.
ARKM is in the AI application sector, focused on data analysis, and it's a narrative that both technical and non-technical people can understand.
METIS is a decentralized sequencer, and it's a unique innovative project within Layer2.
GRT is in Web3 and supports various ecosystems like Ethereum and Solana. It's also focused on data analysis, making it understandable to both technical and non-technical audiences.
IOTX: DePin, strictly speaking, it is not a DePin (decentralized physical infrastructure) by itself, but using IOTX can build DePin, which belongs to the DePin infrastructure.
MKR: Related to RWA, it's old DeFi, and I feel that American institutions would like this.
APT: It's part of the Move language family; I bought this because I missed SUI.
Additionally, there are smaller tokens like Aleph, Fort, and Hopr, which are respectively focused on decentralized storage, Web3 security, and Web3 privacy. These three tokens are listed on Coinbase but not on other major exchanges, and their technology and products are quite good.
DBR was just recently added to my portfolio; during this wave of decline, it hardly dropped and has no selling pressure. Compared to other projects in the cross-chain sector, this token is listed on Bybit, Gate, and Bitget, but it hasn't yet been listed on major exchanges like Binance or OKX. The cross-chain data scale is not small, and compared to the cross-chain capital flow, FDV may be relatively undervalued.
Let's discuss our holdings together.
AR is decentralized storage and a Web3 infrastructure. Although Web3 currently has no momentum, some projects should be using the APIs provided by AR. For example, if creators choose to put their content on-chain with Mirror, it will be written into the AR blockchain.
ACH was initially in the payment sector, and this year, the concept of PayFi has been mentioned again. Moreover, ACH is not just about payments; on its platform, you can earn various testnet tokens, and it is said that they are going to develop their own Layer1. I have a theory called the two-phase market theory: the first phase is speculative, and ACH saw significant increases in 2021. The second phase is the ecological phase, and we should see some ecological developments from ACH in this phase.
SSV is part of the Ethereum ecosystem, focusing on physical infrastructure, which helps improve Ethereum's decentralization. In the future, it should also participate in other chains' ecosystems.
GMX is a leading decentralized derivatives DEX with innovations, part of the Arbitrum ecosystem.
ARKM is in the AI application sector, focused on data analysis, and it's a narrative that both technical and non-technical people can understand.
METIS is a decentralized sequencer, and it's a unique innovative project within Layer2.
GRT is in Web3 and supports various ecosystems like Ethereum and Solana. It's also focused on data analysis, making it understandable to both technical and non-technical audiences.
IOTX: DePin, strictly speaking, it is not a DePin (decentralized physical infrastructure) by itself, but using IOTX can build DePin, which belongs to the DePin infrastructure.
MKR: Related to RWA, it's old DeFi, and I feel that American institutions would like this.
APT: It's part of the Move language family; I bought this because I missed SUI.
Additionally, there are smaller tokens like Aleph, Fort, and Hopr, which are respectively focused on decentralized storage, Web3 security, and Web3 privacy. These three tokens are listed on Coinbase but not on other major exchanges, and their technology and products are quite good.
DBR was just recently added to my portfolio; during this wave of decline, it hardly dropped and has no selling pressure. Compared to other projects in the cross-chain sector, this token is listed on Bybit, Gate, and Bitget, but it hasn't yet been listed on major exchanges like Binance or OKX. The cross-chain data scale is not small, and compared to the cross-chain capital flow, FDV may be relatively undervalued.
Let's discuss our holdings together.
See original
Jole uses the game of smart pigs to explain this problem, which is very interesting. It means that there will be big players such as mining machine pools to deal with this problem.
Feng Xiong believes that for mining machine manufacturers and mining pools, the logic of dealing with quantum computers is as follows:
First, because we know that the cost of quantum computers is very high, if quantum computers are used to crack BTC at such a high cost, it means that the value of BTC is worth the cost of quantum computers.
Then, if the value of BTC is worth the cost of quantum computers, it means that BTC is worth miners using quantum computers as mining machines to maintain the BTC network.
For example: protect the BTC network by increasing the number of bits of encryption algorithms and the difficulty of mining.
Of course, there is also a premise that quantum computers are relatively popular.
In a word, since quantum computers are worth using to crack BTC, quantum computers can be used to protect BTC.
Feng Xiong believes that for mining machine manufacturers and mining pools, the logic of dealing with quantum computers is as follows:
First, because we know that the cost of quantum computers is very high, if quantum computers are used to crack BTC at such a high cost, it means that the value of BTC is worth the cost of quantum computers.
Then, if the value of BTC is worth the cost of quantum computers, it means that BTC is worth miners using quantum computers as mining machines to maintain the BTC network.
For example: protect the BTC network by increasing the number of bits of encryption algorithms and the difficulty of mining.
Of course, there is also a premise that quantum computers are relatively popular.
In a word, since quantum computers are worth using to crack BTC, quantum computers can be used to protect BTC.
See original
The macro environment we are currently in is indeed very similar to that of 2019.
➤ Interest Rate Cuts vs. Balance Sheet Reduction
From April to August 2019, there was a phase where the effective federal funds rate was in a declining stage (although the federal funds rate was not cut before July, the effective federal funds rate slightly decreased), while the Federal Reserve was also reducing its balance sheet.
Currently, we are also in a macro environment where interest rates are being cut while the balance sheet is being reduced.
➤ Interest Rate Cuts vs. Periodic Peaks
During the period from April to August 2019, the decrease in interest rates was not significant, and BTC experienced a small peak.
Currently, the decline in the federal funds rate is relatively obvious, and BTC has reached a significant peak of $100,000, but is temporarily in a retracement phase.
➤ Summary
The retracement may not be over yet.
It is uncertain whether there will be a black swan event, as black swan events are inherently unpredictable. Moreover, the logic of a black swan being predictable is invalid.
However, the logic of macroeconomic impacts on liquidity is valid. From a macroeconomic perspective, the bull market is still expected to continue for some time in the future.
Note: Discussing from only one perspective does not yield conclusions and does not constitute investment advice.
➤ Interest Rate Cuts vs. Balance Sheet Reduction
From April to August 2019, there was a phase where the effective federal funds rate was in a declining stage (although the federal funds rate was not cut before July, the effective federal funds rate slightly decreased), while the Federal Reserve was also reducing its balance sheet.
Currently, we are also in a macro environment where interest rates are being cut while the balance sheet is being reduced.
➤ Interest Rate Cuts vs. Periodic Peaks
During the period from April to August 2019, the decrease in interest rates was not significant, and BTC experienced a small peak.
Currently, the decline in the federal funds rate is relatively obvious, and BTC has reached a significant peak of $100,000, but is temporarily in a retracement phase.
➤ Summary
The retracement may not be over yet.
It is uncertain whether there will be a black swan event, as black swan events are inherently unpredictable. Moreover, the logic of a black swan being predictable is invalid.
However, the logic of macroeconomic impacts on liquidity is valid. From a macroeconomic perspective, the bull market is still expected to continue for some time in the future.
Note: Discussing from only one perspective does not yield conclusions and does not constitute investment advice.
See original
The signals of a pullback have long appeared, so is the bull market still there?
➤ Pullback Signal
Brother Bee mentioned the pullback signal in the group on Saturday night. Saturday and Sunday are supposed to be rest days for institutions, so altcoins should be more active. The altcoins in the previous two weeks were indeed quite active.
In addition, according to on-chain data analyst Twitter @Murphychen888 (strongly recommended to follow), the signal for a phase peak includes: LTH accelerating distribution, huge profits exiting, and the higher the price, the lower the profit peak.
It is more apparent that when BTC fell to around 94 and 90, altcoins hardly dropped. However, this time, just breaking 98, altcoins are dropping very actively.
Brother Bee mentioned the pullback signal in the group on Saturday night. Saturday and Sunday are supposed to be rest days for institutions, so altcoins should be more active. The altcoins in the previous two weeks were indeed quite active.
In addition, according to on-chain data analyst Twitter @Murphychen888 (strongly recommended to follow), the signal for a phase peak includes: LTH accelerating distribution, huge profits exiting, and the higher the price, the lower the profit peak.
It is more apparent that when BTC fell to around 94 and 90, altcoins hardly dropped. However, this time, just breaking 98, altcoins are dropping very actively.
See original
Friends who are familiar with Brother Bee should know that I don't participate much in airdrops. But the #Lingo project airdrop had a gamified interface at the time, with one island connected to another, and the sound of waves, which was indeed quite distinctive, so I participated a bit.
Next, we can pay attention to the product ecosystem design of this project.
Web3+RWA Model:
The transaction fees generated by $LINGO (2.5% rate) are said to be accumulated by the project team to purchase real-world assets. Currently, the main asset the project team wants to buy is real estate. Then, they will rent out the real estate, and the rental income will be used for community rewards and token buybacks, creating a virtuous cycle. This model could be quite interesting if it can get rolling.
Next, we can pay attention to the product ecosystem design of this project.
Web3+RWA Model:
The transaction fees generated by $LINGO (2.5% rate) are said to be accumulated by the project team to purchase real-world assets. Currently, the main asset the project team wants to buy is real estate. Then, they will rent out the real estate, and the rental income will be used for community rewards and token buybacks, creating a virtuous cycle. This model could be quite interesting if it can get rolling.
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[Hot Topic] Why is developing the PUMP ecosystem on the BSC chain considered a downgrade?
#PancakeSwap launched the #SpringBoard platform,
#PUMP ecosystem can Make BSC Great Again?
➤ Starting with PUMP
PUMP has gained immense popularity due to its decentralized, transparent, and open form of issuing and trading tokens. PUMP has different characteristics on different blockchains.
❚ Solana
#PUMP itself is an innovation from the Solana ecosystem, so the PUMP ecosystem on Solana was once the hottest.
❚ TRON
#Tron chain #TRON experienced a wave of popularity due to Sun Ge and the explosive success of the Black Wukong game.
Brother Bee has a summary - Trump has a MEME face, Musk carries a MEME flag, and Sun Ge embodies a MEME spirit. #Sun Yuchen
#PUMP ecosystem can Make BSC Great Again?
➤ Starting with PUMP
PUMP has gained immense popularity due to its decentralized, transparent, and open form of issuing and trading tokens. PUMP has different characteristics on different blockchains.
❚ Solana
#PUMP itself is an innovation from the Solana ecosystem, so the PUMP ecosystem on Solana was once the hottest.
❚ TRON
#Tron chain #TRON experienced a wave of popularity due to Sun Ge and the explosive success of the Black Wukong game.
Brother Bee has a summary - Trump has a MEME face, Musk carries a MEME flag, and Sun Ge embodies a MEME spirit. #Sun Yuchen
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【Comparison】Platform Coin Value and Trading Volume
Recently, the old coins led by #XRP have initiated a surge, and the concept of platform coins is also considered one of the older concepts.
According to "FDV/Stored Funds", "FDV/Total Trading Volume", etc., the value of platform coins can also be compared.
➤FDV/Stored Assets
The comparison results show that, based on the scale of stored funds, the most undervalued is #BNB, with its FDV accounting for 0.552 of stored assets.
The most overvalued is #HTX, with its FDV accounting for 1.621 of stored assets.
➤FDV/Total Trading Volume
Based on trading volume, the most undervalued is #BGB, with a "FDV/Total Trading Volume" ratio of only 0.06.
Binance has the highest ratio, but it shouldn't be underestimated, as BNB is not only Binance's platform coin but also a public chain token of #BSC.
Following is Huobi, with HTX's ratio divided by total trading volume at 36%, which is relatively overvalued.
➤Spot Trading Volume/Stored Assets
Interestingly, using "Spot Trading Volume/Stored Assets" as a measure of fund activity within exchanges, Binance and OKEx have the least active assets, while Huobi's funds are active.
This is likely due to a number of users keeping medium to long-term holding assets in Binance and OKEx, using them as wallets.
➤Contract Trading Volume/Spot Trading Volume
#OKX and #Bitget have a higher "Contract/Spot Trading Volume" ratio, exceeding 6 times, indicating a larger gambling crowd in these two exchanges.
#HTX and #Gate have a lower "Contract/Spot Trading Volume" ratio, about 1 to 1, suggesting that these two exchanges have relatively more altcoin players.
#Binance's "Contract/Spot Trading Volume" ratio is 265%, falling between the first two cases, appearing relatively balanced.
➤Final Note
Overall, balancing spot and contract trading, considering the static scale of assets, trading volume, and the BSC chain ecosystem, BNB may be the undervalued platform coin.
Recently, the old coins led by #XRP have initiated a surge, and the concept of platform coins is also considered one of the older concepts.
According to "FDV/Stored Funds", "FDV/Total Trading Volume", etc., the value of platform coins can also be compared.
➤FDV/Stored Assets
The comparison results show that, based on the scale of stored funds, the most undervalued is #BNB, with its FDV accounting for 0.552 of stored assets.
The most overvalued is #HTX, with its FDV accounting for 1.621 of stored assets.
➤FDV/Total Trading Volume
Based on trading volume, the most undervalued is #BGB, with a "FDV/Total Trading Volume" ratio of only 0.06.
Binance has the highest ratio, but it shouldn't be underestimated, as BNB is not only Binance's platform coin but also a public chain token of #BSC.
Following is Huobi, with HTX's ratio divided by total trading volume at 36%, which is relatively overvalued.
➤Spot Trading Volume/Stored Assets
Interestingly, using "Spot Trading Volume/Stored Assets" as a measure of fund activity within exchanges, Binance and OKEx have the least active assets, while Huobi's funds are active.
This is likely due to a number of users keeping medium to long-term holding assets in Binance and OKEx, using them as wallets.
➤Contract Trading Volume/Spot Trading Volume
#OKX and #Bitget have a higher "Contract/Spot Trading Volume" ratio, exceeding 6 times, indicating a larger gambling crowd in these two exchanges.
#HTX and #Gate have a lower "Contract/Spot Trading Volume" ratio, about 1 to 1, suggesting that these two exchanges have relatively more altcoin players.
#Binance's "Contract/Spot Trading Volume" ratio is 265%, falling between the first two cases, appearing relatively balanced.
➤Final Note
Overall, balancing spot and contract trading, considering the static scale of assets, trading volume, and the BSC chain ecosystem, BNB may be the undervalued platform coin.
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【Comparison】Platform Coin Value and Trading Volume
Recently, the old coins led by #XRP have initiated a surge, and the concept of platform coins is also considered one of the older concepts.
According to "FDV/Stored Funds", "FDV/Total Trading Volume", etc., the value of platform coins can also be compared.
➤FDV/Stored Assets
The comparison results show that, based on the scale of stored funds, the most undervalued is #BNB, with its FDV accounting for 0.552 of stored assets.
The most overvalued is #HTX, with its FDV accounting for 1.621 of stored assets.
➤FDV/Total Trading Volume
Based on trading volume, the most undervalued is #BGB, with a "FDV/Total Trading Volume" ratio of only 0.06.
Binance has the highest ratio, but it shouldn't be underestimated, as BNB is not only Binance's platform coin but also a public chain token of #BSC.
Following is Huobi, with HTX's ratio divided by total trading volume at 36%, which is relatively overvalued.
➤Spot Trading Volume/Stored Assets
Interestingly, using "Spot Trading Volume/Stored Assets" as a measure of fund activity within exchanges, Binance and OKEx have the least active assets, while Huobi's funds are active.
This is likely due to a number of users keeping medium to long-term holding assets in Binance and OKEx, using them as wallets.
➤Contract Trading Volume/Spot Trading Volume
#OKX and #Bitget have a higher "Contract/Spot Trading Volume" ratio, exceeding 6 times, indicating a larger gambling crowd in these two exchanges.
#HTX and #Gate have a lower "Contract/Spot Trading Volume" ratio, about 1 to 1, suggesting that these two exchanges have relatively more altcoin players.
#Binance's "Contract/Spot Trading Volume" ratio is 265%, falling between the first two cases, appearing relatively balanced.
➤Final Note
Overall, balancing spot and contract trading, considering the static scale of assets, trading volume, and the BSC chain ecosystem, BNB may be the undervalued platform coin.
Recently, the old coins led by #XRP have initiated a surge, and the concept of platform coins is also considered one of the older concepts.
According to "FDV/Stored Funds", "FDV/Total Trading Volume", etc., the value of platform coins can also be compared.
➤FDV/Stored Assets
The comparison results show that, based on the scale of stored funds, the most undervalued is #BNB, with its FDV accounting for 0.552 of stored assets.
The most overvalued is #HTX, with its FDV accounting for 1.621 of stored assets.
➤FDV/Total Trading Volume
Based on trading volume, the most undervalued is #BGB, with a "FDV/Total Trading Volume" ratio of only 0.06.
Binance has the highest ratio, but it shouldn't be underestimated, as BNB is not only Binance's platform coin but also a public chain token of #BSC.
Following is Huobi, with HTX's ratio divided by total trading volume at 36%, which is relatively overvalued.
➤Spot Trading Volume/Stored Assets
Interestingly, using "Spot Trading Volume/Stored Assets" as a measure of fund activity within exchanges, Binance and OKEx have the least active assets, while Huobi's funds are active.
This is likely due to a number of users keeping medium to long-term holding assets in Binance and OKEx, using them as wallets.
➤Contract Trading Volume/Spot Trading Volume
#OKX and #Bitget have a higher "Contract/Spot Trading Volume" ratio, exceeding 6 times, indicating a larger gambling crowd in these two exchanges.
#HTX and #Gate have a lower "Contract/Spot Trading Volume" ratio, about 1 to 1, suggesting that these two exchanges have relatively more altcoin players.
#Binance's "Contract/Spot Trading Volume" ratio is 265%, falling between the first two cases, appearing relatively balanced.
➤Final Note
Overall, balancing spot and contract trading, considering the static scale of assets, trading volume, and the BSC chain ecosystem, BNB may be the undervalued platform coin.
See original
In fact, BTC is not so centralized yet.
Mining pools, exchanges, ETF institutions, governments, and big players are several major forces.
First, mining pools are a few oligarchs, no more to say.
Second, exchanges are also a few oligarchs, including EuroEasy, Bitget, Huobi in Asia, Upbit in South Korea, Coinbase, Kraken in the United States... Binance in the world...
Third, ETFs are actually a few oligarchs, because issuing institutions like BlackRock do not actually participate in the market, but authorized agents, that is, APs, participate in the market. There are several ETF issuers, including BlackRock, Fidelity, Grayscale... and each issuer has several APs participating in the market.
Third, the government, not only the US government, but also the Chinese government holds a lot of BTC.
Finally, some retail big players who entered the market early also hold a lot of coins.
So overall, Bitcoin is definitely not completely competitive or completely monopolized. Brother Feng is more inclined to believe that the BTC market is between oligopoly and monopolistic competition.
Mining pools, exchanges, ETF institutions, governments, and big players are several major forces.
First, mining pools are a few oligarchs, no more to say.
Second, exchanges are also a few oligarchs, including EuroEasy, Bitget, Huobi in Asia, Upbit in South Korea, Coinbase, Kraken in the United States... Binance in the world...
Third, ETFs are actually a few oligarchs, because issuing institutions like BlackRock do not actually participate in the market, but authorized agents, that is, APs, participate in the market. There are several ETF issuers, including BlackRock, Fidelity, Grayscale... and each issuer has several APs participating in the market.
Third, the government, not only the US government, but also the Chinese government holds a lot of BTC.
Finally, some retail big players who entered the market early also hold a lot of coins.
So overall, Bitcoin is definitely not completely competitive or completely monopolized. Brother Feng is more inclined to believe that the BTC market is between oligopoly and monopolistic competition.
See original
【Comparison】Cross-chain data of several cross-chain protocols
According to Chainalyis statistics, 69% of the stolen cryptocurrency funds in 2022 were related to cross-chain bridge attacks.
Where you fall may be where you have to climb up from. The cross-chain track has experienced 2 years of development, and its security and market size have experienced tremendous development. This may become one of the main narratives in this round of bull market.
As shown in the figure, the cross-chain transaction volume and transaction volume of the five major cross-chain projects in the past month, the past week and the past 24 hours are compared, and their FDV is divided by the cross-chain transaction volume and the number of cross-chain transactions respectively. And add a thick frame line to the number with the smallest ratio (relatively underestimated) after comparison.
Comparison:
LayerZero ($ZRO) has the highest FDV, and all six major exchanges have been launched.
Wormhole ($W) has a large cross-chain fund scale, and all five major exchanges except coinbase have been launched.
Axelar ($AXL) previously released a development stack, so it has spillover value in addition to cross-chain data. In addition to OKX, the other five major exchanges are listed.
Debridge ($DBR) From the data, FDV divided by the cross-chain capital flow and transaction number at each stage is mostly the lowest value, and the project may be undervalued. Among the six major exchanges, only bybit and bitget are listed.
Celer ($CELR) No data was found, only the number of cross-chain transactions in the past 24 hours. In addition to bybit and upbit, the other four major exchanges are listed.
Note: This article only compares cross-chain transaction data, and does not consider factors such as technology and background. Therefore, the fragmentary perspective is not enough to constitute an investment recommendation. DYOR!
The data source will be placed in the comment area.
According to Chainalyis statistics, 69% of the stolen cryptocurrency funds in 2022 were related to cross-chain bridge attacks.
Where you fall may be where you have to climb up from. The cross-chain track has experienced 2 years of development, and its security and market size have experienced tremendous development. This may become one of the main narratives in this round of bull market.
As shown in the figure, the cross-chain transaction volume and transaction volume of the five major cross-chain projects in the past month, the past week and the past 24 hours are compared, and their FDV is divided by the cross-chain transaction volume and the number of cross-chain transactions respectively. And add a thick frame line to the number with the smallest ratio (relatively underestimated) after comparison.
Comparison:
LayerZero ($ZRO) has the highest FDV, and all six major exchanges have been launched.
Wormhole ($W) has a large cross-chain fund scale, and all five major exchanges except coinbase have been launched.
Axelar ($AXL) previously released a development stack, so it has spillover value in addition to cross-chain data. In addition to OKX, the other five major exchanges are listed.
Debridge ($DBR) From the data, FDV divided by the cross-chain capital flow and transaction number at each stage is mostly the lowest value, and the project may be undervalued. Among the six major exchanges, only bybit and bitget are listed.
Celer ($CELR) No data was found, only the number of cross-chain transactions in the past 24 hours. In addition to bybit and upbit, the other four major exchanges are listed.
Note: This article only compares cross-chain transaction data, and does not consider factors such as technology and background. Therefore, the fragmentary perspective is not enough to constitute an investment recommendation. DYOR!
The data source will be placed in the comment area.